Risk compensation on wages - a replication

Weitere referierte Aufsätze

Joop Hartog, Erik J. S. Plug, Luis Diaz Serrano, Jose Vieira

In: Empirical Economics 28 (2003), 3, 639-647

Abstract

We use data from Germany, The Netherlands, Portugal and Spain to test for the effect of earnings variation on individual earnings. We replicate estimates for the USA and find that the variance of earnings in an occupation affects individual wages positively while the skewness of earnings has a negative effect. Both results are in conformity with wage compensation for risk averse workers.

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